• Profile photo of MikeLittle says

      No, but if the company is paying the pension to its former employees, then the longer the retired employees live, the more years of pensions will have to be paid.

      My parents and my aunt got almost as many years pension as they had worked ie they worked for 40 years and received pensions for 38 years.

      The longer you live, the more benefits you will receive


  1. avatar says

    Mike, last sentence on page 73 of June 2013 notes says that ” the psc should be expensed in the year of the scheme change, whether or not they relate to current employees.”, and in the lecture you say that there are two different ways of treating the psc. Could you clarify what the correct treatment of the psc is, please?

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